Nazareth Shg Group
Rahablu is the featured borrower member, pictured with her hand raised on the extreme left in the picture. All the members cooperate and agreed to form the group to support one another financially and morally in times of one’s needs. The purpose of the formation of the group is to be financially independent and supplement the family income to be self-sufficient families.
Rahablu sells chives in the capital market and makes an income. Selling chives is her main activity to generate an income. The market town is about 35 kms away from the village where she lives. She marches towards the market at the break of the dawn, as buyers come early in the morning to get the fresh vegetables. The major population in the state uses chives in most of the dishes; thus selling chives is profitable. She shares that growing chives is easy, as the climate is suitable, there is no limited season for growing, and market demand never ceases.
The generated income is insufficient, as household expenses and educational expenses are high in this period. She hardly managed to save a small amount to purchase seedlings and grow them abundantly. There are times when she does not have a supply of her own, and at the same time with no cash to buy chives from the suppliers and sell them at a profit.
With the KIva Loan, she is planning to purchase chives seedlings with the right fertilizers. Hopeful and filled with delight, she shares that her plans to grow chives on a large scale have come true. She will try to grow chives the whole year round with no break, and try her best to have them sell. She says she will try hard to be successful and will also repay the loan on time. She thanked Kiva and WSDS for the support and assistance. She says, “Thank you so much, Kiva.”
The rest of the group members are also engaged in selling vegetables, piggery and poultry.
More information about this loan
This loan is part of WSDS's effort to reach some of the most underserved parts of India's troubled northeast region, where there is very poor penetration of both formal and informal financial services. By supporting this loan, you are enabling access to finance for women living in some of India's most remote areas.
Important note about this loanDue to Indian government regulations, if you fund this loan, you will not be repaid for at least 3 years. This borrower will likely repay your loan much sooner than that, in which case, the Field Partner may re-loan your funds to help other local borrowers. We want you to be aware of this minimum 3-year waiting period and the associated risks before making a loan to Indian borrowers on Kiva. Learn More >
WSDS-Initiate is an inclusive nonprofit that works with women across all tribes and minority communities in Manipur, located in the remote northeast region of India. Most organizations concentrate their work in the plains region of Manipur, but WSDS is among the very few organizations serving women in the isolated hills. Political unrest and frequent economic blockades in the area make it very difficult to provide services, resulting in Manipur having the lowest penetration of financial services in the country.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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This loan has been fully funded!